NorEastermass128

I get that, but prices are at record highs.

So, when will this bite into prices? Bidding wars are still very much real. Low inventory/high demand doesn’t help. I’m crunch on both sides now. High prices all along. Now high historical rates…

Baby black flies were out in full force today.

Maybe even dews talk.

Agree. Just drop right over my head if that’s how it all goes down.

The Road by Cormac McCarthy is a timely read.

Moot point for now. Rejected again.

29F here too this morning. Monday looks brutal. Low 30’s and wind. No thanks.

Any bankers in the house? Here’s the deal. I just made an offer to purchase property. Lender A provided me a pre approval letter today. The rate also just increased today. I just submitted a mortgage application with Lender B who offers a lower rate. If the offer is accepted, Lender A will lock me in right away for 60 days. If Lender B turns out to be a better deal, can I then break my rate lock with Lender A (penalty free) and proceed with Lender B? Any insight would be greatly appreciated. /s/ Very Exhausted FTHB

They literally drove off afterwards. Chevy strong.

Bird chirping is in mid season form here. It’s over.

Just an analogy. Getting everything to line up just right in late March is akin to getting your Plinko chip to fall into the $10,000 slot. I guess only The Price is Right fans got that one.

Plinko

Straight HHH with two days of 50s and rain. Memorial Day and the Fourth.

Holy fog

Sorry about your brother. It really is an awful disease. Wishing everyone and their family impacted by it best wishes.

That’s terrible. I remember her on WHDH with Todd Gross, then WBZ, and finally TWC.

Latest sunrise at 8:15am in early Jan. Earliest sunset at 5:11pm in mid-late December. Sounds like a populist move.

WTI crude around $92-94 equated to gas around $3.65-3.75. If we can keep prices down, maybe we’re back there by April 1? Summer driving and special blends will bump up prices too though.

Unfortunately not the one we buy from.

Paid $4.98 here last week. $640 for 129 gallons.

$97 for WTI Crude 22 hours later. Let’s keep this up and then we can drop average gas prices back below $4/gallon.

Unlike my brother who bought his first home with a baby on the way, I’m not in a rush. We’ll see how it goes. Inventory is extremely low, so it may be a no choice, no decision deal anyway until the market cools some.

Yup. It’s difficult to bid on houses sometimes $100-130k more than the current owner paid just 18-24 months ago in some instances. Of course, my bids have been unsuccessful. Competing with cash buyers in the $450-500k range is difficult to say the least.

So…what would your advice be to someone in the market as a FTHB? Act quickly before the rates increase further? This may lead one to be underwater should housing collapse. Wait until rates increase to a point that causes housing prices to stabilize? It’s possible housing stays inflated despite the increased rates, so buying power is greatly diminished. I don’t know what to do.